Wealth and World Bank Group’s twin goalsThe analyses of 136 countries compiled in the Little Green Data Book found that the share of countries with wealth depletion decreases as income levels increase,... Show More + indicating that poorer countries face severe sustainability challenges. In Sub-Saharan Africa, 28 countries were found to be depleting their wealth in 2010.These findings point to the need for including sustainability as part of the equation. The goals of the World Bank Group are to eradicate poverty and promote shared prosperity. In a world of finite planetary boundaries and natural resources it is important that any progress made toward these twin goals can be sustained in the long run and does not come at the cost of natural capital.To operationalize the twin goals, two indicators—the number of people in extreme poverty and the income growth of the bottom 40 percent—were introduced with their adoption in April 2013. Yet measuring progress toward these goals requires a better understan Show Less -

MANILA, PHILIPPINES (16 March 2010) – Indonesia's geothermal power capacity is set to nearly double following the endorsement of a new climate investment fund plan. The $400 million plan, endorsed... Show More + by the Trust Fund Committee of the Clean Technology Fund (CTF), will help transform Indonesia's use of renewable energy and ultimately support the government to meet its long-term goal of reducing greenhouse gas emissions by 26% in 2020. The plan will use co-financing from the multilateral CTF to expand large-scale geothermal power plants and to accelerate initiatives to promote energy efficiency and renewable energy by creating risk-sharing facilities and addressing financing barriers to small- and medium-scale investments. Under the Indonesia plan, The CTF is slated to mobilize an additional $2.7 billion from a range of other sources. "The greater availability of power supplies will help the Government of Indonesia reach its objective of providing electricity access from Show Less -